Remo Tech (睿魔智能), a Shenzhen-headquartered AI-powered webcam producer, recently closed a new round of funding for an undisclosed amount.
The company, which makes best-selling webcam models such as Obsbot, received funds this time from a US dollar fund under China Merchants Bank International, a lead investor, and also participants like Forebright Capital, Hong Kong X Tech, ZY Capital VC, XBot Park in Dongguan, among others.
Remo Tech already roped in VC fund investors such as Sequoia China and BHZS Capital and industry funds like the one managed by XBot Park, Artosyn and Smartsens Tech during previous rounds.
The startup is a cutting-edge gadget maker that aspires to supply new-generation webcams combining AI and imagery.
Liu Bo, founder and CEO of Remo Tech, explained to media that it is tricky to capture a person on a webcam at different distances and in different postures.
“This involves adjusting the cameras autonomously depending on scene, behavior and physical posture to attain the optimal composition and effects,” he noted. “It’s easy for human photographers to acquire this ability from past experience, but not so easy for algorithms.”
Remo Tech has set its sights on solving this pain point by enabling the webcam to imitate a human photographer based on posture analysis.
The firm said this helped it achieve satisfying effects under most circumstances.
“Empowering through AI might be a good entry point for improvements in this industry,” Liu added.
The latest fundraising will be used to scale Remo Tech’s market expansion at home and globally, as well as to upgrade its multi-dimensional interactive capabilities in working, life and entertainment scenarios.
With what it says are “transgenerational” breakthroughs in core technologies including target identification, visual tracking, gesture control, AI image processing, Remo Tech has retained its advantage in global imaging equipment and webcam device markets, selling to 140 countries and areas across North America, Latin America, Europe, the Middle East and Southeast Asia.
It holds 100 plus patents and has been crowned one of the 100 micro- and nano-businesses to watch in Asia in 2022, a list compiled by Forbes Asia. The firm also has won accolades highly prized by high-tech manufacturers, such as Red Dot Award.